Unemployment claims have been rising since bottoming in March this year, and have climbed back up, causing concern. By mid-July, initial unemployment claims had bounced back up to 262,000, their highest since last November. While new claims have retreated slightly, unemployment claims continue to remain elevated from their lows. The upward trend in new unemployment claims comes amid growing worry of recession. Meanwhile, new hires are stagnating in many sectors, and some have instituted layoffs, particularly tech and real estate.
With a volatile stock market and a slowing economy, technology companies are easing and even freezing hiring and in some cases conducting layoffs. From an optimistic perspective, layoffs are not at the high levels they were during the pandemic; but in concert with growing unemployment claims, this could foreshadow a much more serious economic slowdown and coming recession.
The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets.
The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the Commodity Trading Advisor ("CTA"). The regulations of the Commodity Futures Trading Commission ("CFTC") require that prospective clients of a CTA receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client's commodity interest trading and that certain risk factors be highlighted. This document is readily accessible at this site. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. Therefore, you should proceed directly to the disclosure document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition.
You are encouraged to access the disclosure document by clicking below. You will not incur any additional charges by accessing the disclosure document. You may also request delivery of a hard copy of the disclosure document, which also will be provided to you at no cost. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document.
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